Asset owners' appetite for illiquid assets has been tempered by several recent blowouts and prompted them to look more closely at fund houses' risk-management processes.
Alternatives still remain a small part of the world largest pension fund's investments. But they're growing fast, so far led by domestic real estate allocations.
Asset owners in Asia are warming to CLOs blended with direct private lending but will need to tighten the due diligence on their managers as a result, investment experts say.
Venture financing in Asia appears to have slowed sharply since a record 2018. But activity behind the scenes suggests this is simply a blip as early-stage tech investment gains traction.
Across Asia and the world, institutional investors are adding private assets to their portfolios. And, increasingly, they are picking out more niche areas. It's understandable but risky.
The country's investors are facing risks stemming from the cost of hedging US dollar-denominated alternative investments, and are trying to overcome them via various means.
Hong Kong-based Zerobridge is set to join the swelling ranks of investment houses and asset owners tapping direct lending opportunities in the region.
CLSA Capital Partners is eyeing the potential for foreign firms to participate in direct lending in China, amid a rising focus on private debt in Asia.
Singapore or Hong Kong may appeal to private equity managers for fund domiciling, as other offshore jurisdictions bring in stricter economic substance rules, thus reducing their attraction.
Overseas private equity markets are gaining traction despite concerns about illiquid assets, said corporate pension executives at AsianInvestor’s Institutional Investment Forum in Tokyo.
Demographic challenges and the need for diversification abroad push pension funds to look into new sources for desired returns in a low interest rate environment.
The US pension plan has $3.5 billion allocated to early-stage fund firms and is adding to that. The head of the programme, Kirk Sims, explains how it assesses budding general partners.
The UK-based fund manager and Japanese trust bank have partnered on a joint-venture that aims to buy and improve multi-family buildings, a relatively novel approach in Japan.
Alternatives allocation is surging among asset owners, but this focus is causing several red flags. CIOs say the risk can be mitigated by investing in both public and private markets.
Asia's growing economies are set to keep encouraging more global investment into the region's commercial real estate – if supply and new investment vehicles can keep up.
Environmental, social and governance factors are growing in importance for firms selecting emerging-market private equity managers. Two limited partners discuss their approach.
A more streamlined decision-making process could help Korea’s public pension fund to benefit more from alternatives as it hunts higher and more stable returns.
The German insurer has committed $600 million to manager GLP to launch a strategic partnership in the two countries, as it targets a higher level of investment into the region.
A survey of over 300 institutional investors by Credit Suisse reveals they are seeking to access emerging markets via hedge funds, particularly China.
Fund firms are busy staffing up private debt teams in Asia with an eye on distressed and special situations opportunities. But they face challenges raising money from global investors.